Waka Funding Review

Waka Funding Review

✔ Accounts: $25k - $200k
✔ Profit Split: 50% - 80%
✔ Profit Targets: 10%

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Waka Funding is a proprietary trading firm that has been generating buzz in the trading community for its unique approach and competitive offerings.

Despite having a limited amount of public information, the firm has garnered positive reviews, especially for its swift payment processes and responsive customer support.

Traders looking for a firm with a straightforward evaluation process and a variety of instruments might find Waka Funding to be a fitting choice.

Create an account today and take on the Waka Funding challenge!

Coupon Code for Waka Funding Prop Firm

At the time of writing, no coupon code was disclosed or accessible from their website. Please check the official Waka Funding site or contact their customer support for the latest promotions and discounts.

About Waka Funding Prop Firm: An Overview

Waka Funding is known for its dedication to providing traders with a robust platform and favorable trading conditions. Although specific details about the company’s operations and history are sparse, the available information highlights several key aspects that set it apart from other prop firms.

Company Name

The official name of the firm is Waka Funding.

Address Details

The company has not disclosed its address details publicly.

Founding Year

The year of establishment for Waka Funding is not available.

Registration Location

Waka Funding is registered in the United Kingdom.

Who Owns Waka Funding

Information regarding the ownership of Waka Funding was not disclosed on their website or accessible at the time of writing.

Trading Platforms

Information regarding the trading platforms available at Waka Funding was not disclosed on their website or accessible at the time of writing.

Instruments Available at Waka Funding

Waka Funding offers a diverse range of trading instruments to cater to various trader preferences. These include:

  • Forex
  • Commodities
  • Indices
  • Metals
  • Crypto

How to Make Payments at Waka Funding Prop Firm

Waka Funding supports the following payment methods:

  • Bank Transfer
  • Cryptocurrency

Account Sizes

Waka Funding provides a variety of account sizes to suit different trading needs and investment levels. The available account sizes are:

  • $25,000
  • $50,000
  • $100,000
  • $200,000

Profit Splits in Waka Funding Prop Firm

Waka Funding offers a tiered profit split structure that becomes more favorable with time and performance:

  • Initial split: 50%
  • Bi-weekly increment until reaching a maximum of 80%

Profit Targets for Waka Funding Prop Firm

The profit target for traders to achieve in Waka Funding’s evaluation process is set at 10%.

Maximum Daily Drawdown and Loss at Waka Funding Prop Firm

Waka Funding has set specific limits to help manage risk:

  • Max daily loss: 4%
  • Max total loss: 8%

Minimum/Maximum Trading Days Required at Waka Funding Prop Firm

Waka Funding provides flexibility in trading days:

  • Minimum trading days: None
  • Maximum trading days: Unlimited

Steps Available Across Challenges

Waka Funding offers a straightforward challenge structure:

  • Challenge type: 1-step Evaluation challenge
  • Profit target: 10%
  • Drawdown limits: Vary by account type but generally include the 4% daily and 8% total limits.

Pricing for Waka Funding Prop Firm Challenge

The pricing for Waka Funding’s 1-step challenge is as follows:

  • $25,000 account: $275
  • $50,000 account: $375
  • $100,000 account: $575
  • $200,000 account: $975

Commissions and Fees at Waka Funding Prop Firm

Waka Funding has the following fee structure:

  • Commission per lot: $7
  • Other instruments: Only market spread applies; no additional commissions.

Waka Funding Prop Firm: Refund Policies

Waka Funding does not offer refundable fees. Once paid, the fees are non-refundable.

Trial Offers at Waka Funding Prop Firm

At the time of writing, Waka Funding does not offer any free trials.

Payout Schedules of Waka Funding Prop Firm

Waka Funding has a flexible payout schedule:

  • First withdrawal: After 10 days of trading.
  • Subsequent withdrawals: Available every 5 trading days.

Waka Funding FAQ Section

Is hedging allowed?

Yes, hedging is allowed. However, using multiple accounts to hedge entries against each other will be considered a rule violation, including hedging between clients. Hedging within one’s own account to protect a position is completely allowed. It is not allowed to hedge two different accounts/individuals by taking opposite positions in each to circumvent the rules.

Do you allow news trading?

Yes, news trading is currently allowed.

What is the leverage?

For all your Waka funding Challenge/Evaluation accounts, you will receive leverage of 1:100. Real accounts are set at 1:30 as this is what an institutional trader would have access to.

What are the commissions per transaction?

With Eightcap, there is a commission of $7 on currency pairs per lot. If partial lots are traded, the commission will be proportional. Indices, commodities, and other instruments do not incur commissions but only market spread.

What is the 33% Consistency Rule?

The 33% Consistency Rule ensures that no single transaction exceeds 33% of the requested profit during withdrawal. This rule is crucial for promoting sound risk management and avoiding excessive risk-taking, particularly before significant news events.

Implementation at the Funding Stage:
This rule is applied during the funding stage, using volume bands to manage risk consistently.
For example, if a trader’s average lot size over a month is 3 lots per trade, but they make a trade of 10 lots on the day before payday, this would breach the rule by exceeding 200% of their average volume. Similarly, a trade significantly smaller than the average, such as 75% less, would also be excluded.

The rule uses the following formula:
Average Lot Size: Total lots traded / Total transactions
Upper Limit: Average lot size x 2
Lower Limit: Average lot size x 0.25
Transactions are aggregated within a 30-second window to ensure consistency in volumes and profits.

Transactions outside the acceptable range are excluded, but the trader’s account remains active, with the compliant transactions processed normally.
This rule is designed to balance competitiveness with long-term sustainability and market presence.
While some traders may find this rule restrictive, it encourages better trading habits and adherence to planned strategies.

Get started today!

Starting Fees: $275 - $975
Challenge Types: 1-step
Payout: 10 days (first payout), then 5 days
Licensing & Safety
Bonuses & Promotions
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Waka Funding Review